TechFlow news, according to Cointelegraph, SBF's trial has entered its final stage, with the U.S. prosecution delivering its closing arguments on November 1.
Assistant U.S. Attorney Nicolas Roos presented numerous charts used by the government as evidence to the jury, stating, "This is fraud. It's straightforward theft. Before FTX, there was Alameda."
Roos continued, "The defendant marketed a liquidation engine, claiming FTX was safe. He told Congress that collateral must be held on the platform itself, not just staked. But secret rules allowed Alameda to borrow billions of dollars without any risk of being liquidated."
Closing arguments are the lawyers' final opportunity to persuade the jury and judge that they should win the case. The prosecution previously estimated their closing arguments would last up to four hours. Afterward, SBF's defense attorneys will also deliver their closing arguments.
